Virgin Galactic Will Be the First New Space Company to Go Public [The Motley Fool]
SOCIAL CAPITAL HEDOSOPHIA HOLDINGS CORP (IPOA)
US:NYSE Investor Relations:
prnewswire.com/news-releases/social-capital-hedosophia-holdings-corp-announces-informal-event-for-investors-and-appointment-of-directors-300593650.html
Company Research
Source: The Motley Fool
Virgin Galactic Will Be the First New Space Company to Go Public Sir Richard Branson is really excited about taking his space tourism company public. Should you be, too? It's finally happening. "New Space" -- the group of companies exploring new ways to build rockets, launch satellites (and people) into orbit, and commercialize the next frontier -- is finally turning into a concept you can invest in. Case in point: A couple of months ago we offered up a couple of space ideas for consideration: space launch start-ups Vector and Virgin Galactic. Both were on record as wanting to do an initial public offering at some point. This week, one of them basically did that. In an announcement that set space headline writers to working overtime, Virgin Galactic founder Sir Richard Branson announced on Tuesday that his company is merging with publicly traded shell company Social Capital Hedosophia Holdings ( NYSE:IPOA ) . The transaction will effectively transform Virgin Galactic into a publicly
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